Lynas Rare Earths signs $29M deal with LS Eco Energy

• Lynas Rare Earths signed binding agreements with LS Eco Energy for a mutual $29 million convertible investment.
• The zero-interest notes mature in five years and offer share conversion options after three years.
• The deal supports the expansion of rare earth processing outside China under Lynas' Towards 2030 strategy.

Lynas Rare Earths (ASX:LYC) signed binding agreements with LS Eco Energy for a mutual $29 million convertible investment.

This transaction formalises a framework agreement signed between both companies in March 2026 for long-term rare earth processing.

“Supporting the expansion of outside China metal and magnet making is a key pillar of Lynas’ Towards 2030 growth strategy and essential for the rare earth industry’s sustainability and future development,” said Lynas Rare Earths interim CEO Pol Le Roux.

The 0% interest securities mature in five years, with Lynas stating that LS Eco Energy will construct a processing plant in Vietnam.

Following the announcement, the Lynas Rare Earths share price was unchanged at $14.79.

Lynas operates the Mt Weld rare earth deposit in Western Australia alongside refining operations in Malaysia.

The company continues expanding its global processing footprint through new industrial facilities in Kalgoorlie and strategic overseas partnerships.